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EUR/USD Signal - US Nonfarm Payrolls - 06 Dec 2019

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Signal Details
Entry Price: 
1.1090
Take Profit: 
1.1150
Stop Loss: 
1.1060
Direction: 
High
Result: 
Loss
How we trade
Average: 5 (4 votes)

EURUSD is trading at 1.1090 ahead of the Nonfarm Payrolls numbers in the US. The euro is still trading higher despite the poor data from Germany. The optimism around the US-Sino trade talks might push the common currency towards 1.1150 level. Forex traders will also follow closely the Average Hourly Earnings and the Unemployment rate from the US.

eurusd signal 06 dec 2019

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.